Flexible Health Benefit Spending Account Sample Clauses

Flexible Health Benefit Spending Account. (a) A Flexible Health Benefit Spending Account shall be implemented for: (i) a regular full-time employee; and (ii) a regular part-time employee whose hours of work are equal to or greater than fifteen (15) hours per week averaged over one (1) complete cycle of the shift schedule; and (iii) a temporary employee who is hired to work for a position of six (6) months duration or longer and whose hours of work are equal to or greater than fifteen (15) hours per week averaged over one (1) complete cycle of the shift schedule. (b) A sum of five hundred dollars ($500.00) per each regular full-time employee shall be allocated by the Employer to a Flexible Health Benefit Spending Account for each eligible employee at January 1 of each calendar year. (c) This Flexible Health Benefit Spending Account shall be provided to regular part-time employees on a pro-rated basis, based on their Full Time Equivalency at January 1 of each calendar year. (d) Any unused allocation in an employee’s Flexible Health Benefit Spending Account as of December 31 of each calendar year may be carried forward for a maximum of one (1) calendar year. (e) The Flexible Health Benefit Spending Account may be utilized by employees for the purposes of receiving reimbursement for health and dental expenses that are eligible medical expenses in accordance with the Income Tax Act and are not covered by the benefit plans specified in Article 28.01(a), (b). (f) Where the Employer chooses to contract with an insurer for the administration of the Flexible Health Benefit Spending Account, the administration of the Account shall be subject to and governed by the terms and conditions of the applicable contract. (g) The Flexible Health Benefit Spending Account shall be implemented and administered in accordance with the Income Tax Act and applicable Regulations in effect at the time of implementation and during the operation of the Flexible Health Benefit Spending Account.
Sample 1
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Flexible Health Benefit Spending Account. Effective July the following shall apply: A Flexible Health Benefit Spending Account shall be implemented for all employees eligible for benefits in accordance with Article 28: Health Benefits, Clause A sum of two hundred dollars ($200.00) per each benefit eligible Employee shall be allocated by the Employer to a Flexible Health Benefit Spending Account for each eligible Employee. This Flexible Health Benefit Spending Account shall be provided to benefit eligible Part-time Employees on a pro-rated basis, based on their full-time equivalency as of July This Flexible Health Benefit Spending Account shall be provided to benefit eligible Part-time employees on a pro-rated basis, based on their full-time equivalency as of July of each calendar year. Any unused allocation in an Employee’s Flexible Health Benefit Spending Account as of June of each calendar year may be carried forward for a maximum of one (1)calendar year, The Flexible Health Benefit Spending Account may be utilized by Employees for the purposes of receiving reimbursement for health and dental expenses that are eligible medical expenses in accordance with the Income Tax Act and are not covered by the benefit plans specified in Article Where the Employer chooses to contract with an insurer for the administration of the Flexible Health Benefit Spending Account, the administration of the Account shall be subject to and governed by the terms and conditions of the applicable contract. The Flexible Health Benefit Spending Account shall be implemented and administered in accordance with the Income Tax Act and applicable Regulations in effect at the time of implementation and during the course of operation of the Flexible Health Benefit Spending Account. ON BEHALF OF THE EMPLOYER ON BEHALF OF THE UNION ORIGINAL SIGNED BY GRANT ORIGINAL SIGNED BY XXX August August DATE: DATE: The CAPITAL CARE Group THE ALBERTA UNION OF PROVINCIAL EMPLOYEES
Sample 1
Flexible Health Benefit Spending Account. (a) A Flexible Health Spending Account shall be implemented for all employees eligible for benefits pursuant to Clause 28.04, on January 1st of each calendar year. (b) A sum of five hundred dollars ($500) per each Regular Full-time Employee, as at December 1st of each calendar year, shall be allocated by the Employer to a Flexible Health Benefit Spending Account for each eligible employee. (c) The Flexible Health Benefit Spending Account shall be provided to benefit eligible Regular Part-time employees on a pro-rated basis, based on their full time equivalency (F.T.E.) as at December 1st of each calendar year.
Sample 1
Flexible Health Benefit Spending Account. (a) A Flexible Health Spending Account shall be implemented for all employees eligible for benefits pursuant to Clause 28.04, on January 1st of each calendar year. (b) A sum of five hundred dollars ($500) per each Regular Full-time Employee, as at December 1st of each calendar year, shall be allocated by the Employer to a Flexible Health Benefit Spending Account for each eligible employee. (c) The Flexible Health Benefit Spending Account shall be provided to benefit eligible Regular Part-time employees on a pro-rated basis, based on their full time equivalency (F.T.E.) as at December 1st of each calendar year. (d) Any unused allocation in an employee’s Flexible Health Benefit Spending Account as of December 31st of each calendar year may be carried forward for a maximum of one (1) calendar year. (e) The Flexible Health Benefit Spending Account may be utilized by employees for the purposes of receiving reimbursement for health and dental expenses that are eligible medical expenses in accordance with the Income Tax Act and are not covered by the benefit plans specified in this Article.
Sample 1
Flexible Health Benefit Spending Account. A Flexible Health Benefit Spending Account shall be implemented for all employees eligible for benefits in accordance with Article and A sum of five hundred dollars ($500.00) per each regular full-time employee shall be allocated by the Employer to a Flexible Health Benefit Spending Account for each eligible employee effective January of each calendar year. This Flexible Health Benefit Spending Account shall be provided to regular part-time employees on a pro-rated basis, based on their annualized regularly scheduled hours of work as of January of each calendar year. Any unused allocation in an employee’s Flexible Health Benefit Spending Account as of December of each calendar year may be carried forward for a maximum of one (1) calendar year. The Flexible Health Benefit Spending Account may be utilized by employees for the purposes of receiving reimbursement for health and dental expenses that are eligible medical expenses in accordance with the Income Tux Act and are not covered by the benefit plans specified in Article and Where the Employer chooses to contract with an insurer for the administration of the Flexible Health Benefit Spending Account, the administration of the Account shall be subject to and governed by the terms and conditions of the applicable contract. The Flexible Health Benefit Spending Account shall be implemented and administered in accordance with the Income Act and applicable Regulations in effect at the time of implementation and during the course of operation of the Flexible Health Benefit Spending Account.
Sample 1
Flexible Health Benefit Spending Account. The Committee will endeavour to reach consensus on recommended changes to benefit plan design and administration by October Recommended changes will be forwarded to the respective principals for approval. If changes satisfactory to the parties are agreed through this process, the Health Benefit Spending Account will increase to six hundred dollars ($600.00) effective January ON BEHALF OF THE EMPLOYER ON BEHALF OF THE HEALTH SCIENCES ASSOCIATION OF ALBERTA December DATE: December Regular employees will be eligible for the effective April I of each year provided they meet the following criteria:
Sample 1
Flexible Health Benefit Spending Account. The following shall apply:
Sample 1
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Related to Flexible Health Benefit Spending Account

  • Flexible Spending Account The parties agree that the State shall have the right to use State Employee Health Plan funds to cover the administrative costs of operating the medical and dependent care flexible spending account programs.

  • Health Spending Account contributions by the Executive will cease on the Effective Date. The Executive may submit claims against the balance accrued to the Effective Date, until the end of the calendar year in which the Effective Date occurs.

  • Flexible Spending Accounts Employees in the unit shall have access to the County’s flexible spending account program, which provides employees with the options of dependent care assistance benefits with a calendar year maximum of $5,000, and medical expense reimbursement benefits with a calendar year maximum of $2,400. The County shall maintain this plan in compliance with IRC §125. Employee premiums for flexible spending account benefits shall be deducted on a pre-tax basis from employee pay.

  • Health Spending Account (HSA Wellness Spending Account (WSA)/Registered Retirement Savings Plan (RRSP) utilization rates;

  • Health Care Spending Account After six (6) months of permanent employment, full time and part time (20/40 or greater) employees may elect to participate in a Health Care Spending Account (HCSA) Program designed to qualify for tax savings under Section 125 of the Internal Revenue Code, but such savings are not guaranteed. The HCSA Program allows employees to set aside a predetermined amount of money from their pay, not to exceed the maximum amount authorized by federal law, per calendar year, of before tax dollars, for health care expenses not reimbursed by any other health benefit plans. HCSA dollars may be expended on any eligible medical expenses allowed by Internal Revenue Code Section 125. Any unused balance is forfeited and cannot be recovered by the employee.

  • Retirement Plans (a) In connection with the individual retirement accounts, simplified employee pension plans, rollover individual retirement plans, educational IRAs and XXXX individual retirement accounts (“XXX Plans”), 403(b) Plans and money purchase and profit sharing plans (“Qualified Plans”) (collectively, the “Retirement Plans”) within the meaning of Section 408 of the Internal Revenue Code of 1986, as amended (the “Code”) sponsored by a Fund for which contributions of the Fund’s shareholders (the “Participants”) are invested solely in Shares of the Fund, Transfer Agent shall provide the following administrative services: (i) Establish a record of types and reasons for distributions (i.e., attainment of eligible withdrawal age, disability, death, return of excess contributions, etc.); (ii) Record method of distribution requested and/or made; (iii) Receive and process designation of beneficiary forms requests; (iv) Examine and process requests for direct transfers between custodians/trustees, transfer and pay over to the successor assets in the account and records pertaining thereto as requested; (v) Prepare any annual reports or returns required to be prepared and/or filed by a custodian of a Retirement Plan, including, but not limited to, an annual fair market value report, Forms 1099R and 5498; and file same with the IRS and provide same to Participant/Beneficiary, as applicable; and (vi) Perform applicable federal withholding and send Participants/Beneficiaries an annual TEFRA notice regarding required federal tax withholding. (b) Transfer Agent shall arrange for PFPC Trust Company to serve as custodian for the Retirement Plans sponsored by a Fund. (c) With respect to the Retirement Plans, Transfer Agent shall provide each Fund with the associated Retirement Plan documents for use by the Fund and Transfer Agent shall be responsible for the maintenance of such documents in compliance with all applicable provisions of the Code and the regulations promulgated thereunder.

  • Health Savings Account (HSA) is a tax-exempt trust or custodial account established exclusively for the purpose of paying qualified medical expenses of the member who is covered under a high deductible health plan. The member must be covered under the HSA plan for the months in which contributions are made. HIGH DEDUCTIBLE HEALTH PLAN (HDHP) is a health plan that satisfies certain requirements with respect to deductibles and out-of-pocket expenses. The plan cannot provide payment for any covered healthcare service until the plan year deductible is satisfied, with the exception of preventive care services. • that provides medical and surgical care for patients who have acute illnesses or injuries; and • is either listed as a hospital by the American Hospital Association (AHA) or accredited by the Joint Commission on Accreditation of Healthcare Organizations (JCAHO).

  • Retirement Plan The 2.7% at 55 retirement plan will be available to eligible bargaining unit members covered by this Section 6.1.

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